Mubasher: The US’s gross domestic product (GDP) rose at 1.1% year-on-year in Q2-16, according to the Commerce Department.
The GDP was 0.1% lower that an initial estimate of 1.2% growth.
Business inventories fell $12.4 billion in Q2-16, the first decline since the third quarter of 2011, compared to $8.1 billion reported in July.
Source:
Mubasher